OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending Dec. 22, 2017.
Thales buys Gemalto for $5.6B
The deal came together after a smaller $5 billion bid from Franc’s Atos was rejected. The buyout will help Thales extend digital identity and data security technology. Thales is active in aeronautics, space, ground transportation, defense, and security. Gemalto makes biometric IDs and manufactures SIM cards. [Read more]
Didi Chuxing raises another $4B for AI, expansion
The Chinese ride sharing service plans to accelerate development of artificial intelligence in areas like big data analysis. It also plans to expand overseas operations, and build a transportation network with electric and hybrid vehicles. The latest round of funding puts the valuation of Didi Chuxing close to Uber. [Read more]
Cog Systems gets $3.5M from Grok Ventures, rampersand
Grok Ventures is the venture capital firm of Atlassian cofounder Mike Cannon-Brookes. Cog Systems is a Sydney-based internet of things security startup. The company plans to use the funds to expand its D4 secure platform from mobile phones to other devices, including the 8 billion IoT devices currently at risk around the world. It also plans to open a new office in San Francisco. [Read more]